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2026 DAILYLAW 1131 (KAR)

M/S FIRST MAN MANAGEMENT v. M/S NEL HOLDINGS LIMITED

CMP/178/2023 · 2026-03-12

E S Indiresh

body2026

Judgment text

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- 1 - HC-KAR NC: 2026:KHC:14766 CMP NO.178 OF 2023 IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 12TH DAY OF MARCH, 2026 BEFORE THE HON'BLE MR. JUSTICE E.S. INDIRESH CIVIL MISCELLANEOUS PETITION NO.178 OF 2023 BETWEEN: M/S. FIRST MAN MANAGEMENT SERVICES PVT. LTD. NO.20/41, FIRST AVENUE, DEFENCE OFFICERS COLONY, EKKATTUTHANGA, CHENNAI - 600 032. REP. BY ITS AUTHORISED SIGNATORY MR. KIRANKUMAR. …PETITIONER (BY SRI. SANGEETHA U., ADVOCATE) AND: 1. M/S NEL HOLDINGS LIMITED OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD, BENGALURU - 560 001. 2. MR. NITESH SHETTY CHAIRMAN, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUAREM NO.8, M.G. ROAD, BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) 3. MR. ANANTHANARAYANAN INDEPENDENT DIRECTOR, M/S NEL HOLDINGS LIMITED, Digitally signed by CHAYA S A Location: HIGH COURT OF KARNATAKA - 2 - HC-KAR NC: 2026:KHC:14766 CMP NO.178 OF 2023 OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD, BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) 4. MR. L.S. VAIDYANATHAN EXECUTIVE DIRECTOR, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8 M.G. ROAD, BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) 5. DR. KRISHNA KUMAR N.G. INDEPENDENT DIRECTOR, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD, BENGALURU - 560 001. 6. MR. MAHESH BHUPATHI INDEPENDENT DIRECTOR, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) 7. MS. GAYATHRI M.N. INDEPENDENT DIRECTOR, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD, BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) - 3 - HC-KAR NC: 2026:KHC:14766 CMP NO.178 OF 2023 8. MR. RAJEEV KHANA DIRECTOR FINANCE-CUM-CHIEF FINANCIAL, M/S NEL HOLDINGS LIMITED, OFFICE SITUATED AT: 7TH FLOOR, NITESH TIME SQUARE, NO.8, M.G. ROAD, BENGALURU - 560 001. (DELETED FROM ARRAY OF PARTIES) …RESPONDENTS (BY SRI. KRUTIKA RAGHAVAN, ADVOCATE FOR R1 V/O DATED 05.12.2025, R2 TO R8 ARE DELETED FROM THE ARRAY OF PARTIES) THIS CIVIL MISCELLANEOUS PETITION IS FILED UNDER SECTION 11(6) OF THE ARBITRATION AND CONCILIATION ACT, 1996, PRAYING TO APPOINT AN ARBITRATOR FROM THE PANEL OF ARBITRATORS APPROVED BY THIS HON'BLE COURT TO ADJUDICATE THE MATTER IN DISPUTE BETWEEN THE PETITIONER AND THE RESPONDENTS IN TERMS OF ARBITRATION CLAUSE-X OF THE SECURITY SERVICES AGREEMENT DATED 03.05.2016, 15.07.2018 AND 29.07.2019 VIDE ANNEXURE 'C', 'C1' AND 'C2' OR SUCH OTHER ORDER/ORDERS AS THIS HON'BLE COURT DEEM FIT IN THE CIRCUMSTANCES OF THE CASE IN THE INTEREST OF JUSTICE AND EQUITY. THIS PETITION COMING ON FOR ADMISSION, THIS DAY, ORDER WAS MADE THEREIN AS UNDER: CORAM: HON'BLE MR. JUSTICE E.S.INDIRESH ORAL ORDER After arguing for some time, learned counsel appearing for the petitioner seeks leave of the Court to withdraw the petition with a liberty to avail remedy for appointment of Arbitrator by issuing a fresh Notice to the respondent. - 4 - HC-KAR NC: 2026:KHC:14766 CMP NO.178 OF 2023 2. Accordingly, reserving liberty as prayed for by learned counsel appearing for the petitioner, Civil Miscellaneous Petition is disposed of. 3. Registry is directed to return the original documents if any, produced by the parties, after obtaining photostat copy of the same for the file. SD/- (E.S. INDIRESH) JUDGE ARK List No.: 1 Sl No.: 25